Innogy to develop 440 MW solar pipeline in the US southeast

Innogy’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by North Carolina’s Birdseye Renewable Energy. The projects have a cumulative capacity of 440MW and are at various stages of development.

Share

The deal signed on Friday stipulates that Innogy and Birdseye are jointly developing a solar PV portfolio. Currently, the portfolio consists of 13 individual projects in the southeastern United States, which the companies cite as an attractive region for solar PV development. The companies cite high solar irradiance, a competitive cost environment and a positive macroeconomic outlook as reasons for the increased growth of renewable energy and solar PV in particular.

Hans Bünting, COO renewables of Innogy, explains: “Solar power is one of the fastest-growing technologies in the energy sector and is becoming increasingly profitable without subsidies in many markets. The strategic partnership with Birdseye is an excellent starting point for us to develop and grow a valuable solar business in the US. Birdseye’s development pipeline and local active engagement with all stakeholders are a perfect fit with our strategy to deliver utility-scale solar projects in promising markets, like North America, with high irradiance and a strong commitment to renewable energy.”

The first three projects have a cumulative capacity of 20 MW and are located in North Carolina. Construction of these is planned to begin by 2019, with full commercial operation to be reached later that year. The remainder of the project pipeline totals 420 MW and is located in North Carolina, South Carolina, Georgia and Mississippi.

“We are pleased that Innogy, with its extensive experience in the renewables business, is on board with us in the development of this solar pipeline,” adds Brian Bednar, CEO of Birdseye Renewable Energy. “Birdseye has built its business on close collaboration with select partners. We consider Innogy and Belectric’s culture and capabilities an ideal complement to Birdseye’s development platform. We look forward to advancing the initial 440 MW portfolio while also pursuing additional opportunities which grow our relationship in the U.S. solar market.”

Once the sites have been developed, Innogy subsidiary Belectric will undertake serve as the engineering, procurement and construction contractor, as well as providing O&M services.

Share

Marian Willuhn

Covering news on power electronics, start-ups, and inverters, Marian writes for pv magazine’s International, Australian, and German online presences. He also edits the international print magazine and organizes webinars and events.

Related

Your email address will not be published. Required fields are marked *

Comment

Name *

Email *

Website

Notify me of follow-up comments by email.

Notify me of new posts by email.

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Keep up to date

pv magazine USA offers daily updates of the latest photovoltaics news. We also offer comprehensive global coverage of the most important solar markets worldwide. Select one or more editions for targeted, up to date information delivered straight to your inbox.

Email*

Select Edition(s)*

Hold Ctrl or Cmd to select multiple editions.

We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy.

Keep up to date

We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.